Trump Victory Sparks Dollar Rally, Pushing Gold to 7-Week Low

24.11.12

Gold prices have fallen to a seven-week low as the US dollar strengthens following Donald Trump’s election victory. The precious metal has declined about 5.5% since the election, driven by a combination of factors including hedge fund position adjustments, shifting ETF flows, and technical selling. Despite this recent drop, gold remains up over 25% for the year, supported by Federal Reserve policies and geopolitical uncertainties.

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